In todays WSJ, Peggy Noonan had a great piece on a “non idiot” billionaire: Ken Langone, founder of Home Depot.
“An occasional preoccupation in this space is that young people have no particular loyalty to or affection for free-market capitalism, the economic system that made America a great thing in history and a magnet for the world. There are two reasons. One is that in their short lives they’ve witnessed and experienced only capitalism’s scandals—the 2008 crash, inequality. The other is that they’ve never heard capitalism defended—not in K through college, not in our entertainment culture. When you don’t especially admire something you feel no inclination to protect it, which will have serious political implications down the road.